News for Birla Cable Limited (BIRLACABLE.BO)

Sterlite Technologies plans to challenge the anti-dumping duty levy by the European Commission on imports of optic fibre from India, even as it improves efficiency at its manufacturing facility in Italy that supplies to the European market.

The move to carve out its fibre infrastructure business comes amid a proposal by the European Commission Directorate General for Trade to levy anti-dumping duty—ranging between 8.7% and 11.4%—on nearly a dozen Indian optical fibre cable makers.

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The quarterly earnings season commenced in the second week of April and remains ongoing, with more than 260 companies slated to announce their fourth-quarter earnings throughout this week.

Auto stocks to report Oct sales; govt hikes windfall tax on crude oil; SBI appoints new Chief Risk Officer; JSW Energy's JMD & CEO resigns; Tata Consumer to merge 3 subs; SBI Card & Reliance Retail launch co-branded card; Adani Logistics acquires 50% stake in Veracity; L&T to invest Rs 830cr in chip design; Lupin gets EIR from US FDA; RCF approves Equity Investment in Talcher Fertilizers; Zaggle ties up with Kotak & Toshiba; results calendar. Automobile stocks to report Oct sales; govt hikes windfall tax on crude oil; SBI appoints new Chief Risk Officer; JSW Energy's JMD & CEO resigns; Tata Consumer to merge 3 subs; SBI Card & Reliance Retail launch co-branded card; Adani Logistics acquires 50% stake in Veracity; L&T to invest Rs 830cr in chip design; Lupin gets EIR from US FDA; RCF approves Equity Investment in Talcher Fertilizers; Zaggle ties up with Kotak & Toshiba; results calendar. Auto, oil, SBI, JSW Energy, Tata Consumer, SBI Card, Adani Logistics, L&T, Lupin, RCF, Zaggle to report/announce/launch/merge/invest/tie-up/approve.

The Nifty Auto index was trading 1.11 per cent up at 15844.15.

The Nifty Bank index was trading 0.18 per cent up at 44069.7.

Times Guaranty, Pokarna Ltd, ITD Cementation, Birla Cable and BHEL, hit their fresh 52-week highs at 10:55AM.

Asian Paints, Divis Labs, Dr. Reddys, Britannia and Axis Bank were among the top losers on NSE.

Atul Auto, Orissa Minerals, AB Cotspin India, Birla Cable and VELS Film Internatio, hit their fresh 52-week highs at 11:26AM.

The Nifty Bank index was trading 0.09 per cent up at 44034.75.

The Nifty Auto index was trading 0.13 per cent down at 15487.1.

The Nifty Realty index was trading 0.47 per cent up at 539.1.

The Nifty Pharma index was trading 0.06 per cent down at 15293.95.

The Nifty IT index closed 0.11 per cent down at 30902.4.

The Nifty Bank index closed 0.19 per cent down at 44880.7.

In the Nifty pack, 33 stocks closed in the green, while 16 stocks ended in the red.

In the Nifty pack, 17 stocks were trading in the green, while 33 stocks were trading in the red.

In the Nifty pack, 35 stocks closed in the green, while 14 stocks ended in the red.